Easyjet share price dips despite profit on track to hit £430m October 8, 2019 Easyjet today predicted it will hit upper profit guidance of up to £430m for its full year, despite rising costs. The airline said profits would hit between £420m and £430m in profit before tax in a trading update today, just off its £440m upper range prediction. Read more: COO comes in as Easyjet hails ‘robust’ [...]
British Airways owner IAG launches a €500m buyback as profit rises February 23, 2018 British Airways owner International Airlines Group (IAG) posted a rise in profits over 2017, reflecting a better macro-economic environment, but shares in the firm have fallen. The figures For the year to the end of December, IAG said passenger revenue rose 1.6 per cent compared with the previous year to €20.25bn (£17.87bn), while total revenue [...]
Coronavirus live: OECD warning weighs down FTSE 100 recovery March 2, 2020 The OECD’s warning that the coronavirus outbreak could halve global growth in 2020 weighed down the FTSE 100 today, sending it back into the red before recovering marginally. Traders had initially sent London’s blue-chip index up 2.7 per cent this morning on the back of central banks saying they were ready to intervene to protest [...]
Hong Kong airport cancels flights for rest of Monday amid anti-government protests August 12, 2019 Hong Kong airport authorities have cancelled all remaining flights for Monday, after anti-government protesters swamped its main terminal building for a fourth day. The cancellations mark the biggest economic disruption caused by the protests in the city since they began in early June. Read more: Cathay Pacific shares tumble after airline suspends Hong Kong protester [...]
Flybe or not to Flybe? This bailout flies in the face of market economics January 17, 2020 The philosophy of the market is based on the idea that the key to a prosperous economy is competition. Fair and vibrant competition, the argument goes, spurs businesses to improve quality and reduce prices, benefiting consumers and fuelling economic growth. Companies that struggle should be allowed to fail, making room for more agile or innovative [...]
Etihad Airways will only fly with fully vaccinated crew February 10, 2021 Abu Dhabi airline Etihad Airways will only operate flights with vaccinated pilots and cabin crew, the company said on Wednesday. The airline has made a coronavirus vaccine developed by Chinese pharmaceutical group Sinopharm available to all employees, as well as the Pfizer-BioNTech jab. It is not yet clear how many cabin crew and pilots have [...]
Iran plane crash: Ukraine U-turns on engine failure as cause of Boeing 737 crash January 8, 2020 Ukraine’s embassy in Iran has dropped a reference to engine failure as a cause of the Boeing 737 plane crash that killed 176 people earlier today. Iranian state media had initially reported that “technical issues” were behind the disaster after the Boeing 737-800 crashed shortly after taking off from Tehran’s international airport. Read more: Iran [...]
FTSE 100 steadies after two days of steep losses February 26, 2020 The FTSE 100 steadied after dropping to a 13-month low earlier in the day after two days of heavy losses prompted by growing fears over a coronavirus pandemic. London’s blue-chip stock index fell 1.6 per cent to below 7,000 points to 6,903, its lowest point since February 2019, before recovering 0.1 per cent. The FTSE [...]
Saudi airline scraps bumper 737 Max order in blow for Boeing July 7, 2019 Low-cost Saudi Arabian airline Flyadeal has cancelled a $6bn (£4.8bn) order for 30 Boeing 737 Max jets in a major blow for the troubled aerospace giant. Read more: Boeing 737 Max jet hits fresh setback before test flights Flyadeal began to reconsider its provisional order for the grounded 737 Max jets following crashes in Indonesia [...]
Investors engaged with environmental and governance issues, but audit and trust lag behind September 10, 2019 The UK’s largest investors are most concerned about environmental and corporate governance issues in the companies they invest in, but need to “step up” in other areas, new research has found. Audit, corporate reporting, trust, and reputation were all identified as areas where the UK’s top asset managers and owners have been “less engaged” in [...]